Tponlinepayments is a forex and CFD broker that claims to offer a wide range of trading services. However, there is a growing body of evidence that suggests that Tponlinepayments is a scam. In this article, we will take a closer look at Tponlinepayments and explain why you should avoid it.
Company Overview
Tponlinepayments is a relatively new broker, having been founded in 2022. The company is registered in the Marshall Islands, but its website does not provide any information about its management team or ownership. Tponlinepayments offers a wide range of trading products, including forex, CFDs, and cryptocurrencies. However, the company does not have any regulatory licenses.
License and Regulations
Tponlinepayments does not have any regulatory licenses. This is a major red flag, as it means that the company is not subject to any oversight or regulation. Unregulated brokers are more likely to engage in fraudulent activity, such as mishandling client funds or refusing to allow withdrawals.
Why Dealing With An Unlicensed Broker Is Risky?
There are several reasons why it is risky to deal with an unlicensed broker. First, unregulated brokers are not subject to the same rules and regulations as regulated brokers. This means that they are more likely to engage in fraudulent activities, such as front-running and price manipulation.
Second, unregulated brokers are not required to keep client funds segregated. This means that your money is not protected in the event that the broker goes bankrupt.
Third, unregulated brokers are not required to provide dispute resolution mechanisms. This means that if you have a problem with your account, you may have no way to get your money back.
Legal Warning Against Tponlinepayments
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a warning against Tponlinepayments. The FCA has stated that Tponlinepayments is not authorized to provide financial services in the UK.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of complaints about Tponlinepayments online. Some clients have reported that they have been unable to withdraw their funds from the company. Others have complained about the poor quality of customer service.
Feedback About Their Trading
The trading conditions offered by Tponlinepayments are not competitive. The spreads are high and the commissions are also high. This means that you will lose money even if you make a successful trade.
Feedback About Their Customer Service
The customer service offered by Tponlinepayments is poor. Customers have reported that they have had difficulty getting in touch with customer support and that the representatives they have spoken to have been unhelpful.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Tponlinepayments or any other broker, there are a few things you can do. First, you should report the scam to the authorities. You can do this by filing a complaint with the FCA in the UK or with the Securities and Exchange Commission (SEC) in the US.
You should also try to get your money back. This may be difficult, but there are a few things you can do. You can try to contact the broker directly and demand your money back. You can also try to file a chargeback with your credit card company.
Finally, you should contact us. Our experts will analyze the case and will schedule a free consultation call. During the call, you will get some recovery service recommendations to get help to recover the lost funds.
Final Thought
Tponlinepayments is a scam broker. You should avoid it at all costs. If you have already lost money to Tponlinepayments, you should take steps to recover your losses.
We hope this article has been helpful. If you have any further questions, please feel free to ask.
